Renovated
For Sale
$900,000
16 Crescent St, Lynn, MA 01902
Two-unit residential property renovated in 2020 with three full bathrooms.
Property Size2,331 SF
Price / SF$386.10
Days on Market132
Property Features for 16 Crescent St
General Information
Standard status
Active
Size
2,331 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,836
Building Details
Building Size
2,331 SF
Year Built
1900
Year Renovated
2020
Listing Agency:
eXp Realty LLC
Listed By:
Juan Lopera-Martinez
(781) 632-9761
Source:
Bostonluxurysuburbs
Added: May 27
Changed: Oct 5
Last Checked: Oct 3 at 1:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
Located at 16 Crescent St in Lynn, MA, this duplex contains approximately 2,331 square feet of living space arranged across two residential units. The property includes six bedrooms and three full bathrooms, with renovation work completed in 2020. Originally built in 1900, the building is zoned R1.
The property is near Downtown Lynn, the Lynn Commuter Rail, major bus routes, shopping, restaurants, schools, and nearby beaches. Route 1 and I-95 provide regional access, while Boston and Logan International Airport are approximately 20 minutes away. The combination of a two-unit layout, updated condition, and proximity to transit and everyday amenities supports both owner-occupant and rental-oriented use.
The property is near Downtown Lynn, the Lynn Commuter Rail, major bus routes, shopping, restaurants, schools, and nearby beaches. Route 1 and I-95 provide regional access, while Boston and Logan International Airport are approximately 20 minutes away. The combination of a two-unit layout, updated condition, and proximity to transit and everyday amenities supports both owner-occupant and rental-oriented use.
Key Highlights
- Two‑family property with approximately 2,331 sq ft of living space
- Six bedrooms and 3 full bathrooms across two residential units
- Renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,849
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,980
$937.0K
Cap Rate 7%
$669,271
$669.3K
Cap Rate 9%
$520,544
$520.5K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$71.3K $30.60/SF
− Vacancy
−$4.4K −$1.89/SF
EGI
$66.9K $28.71/SF
− OpEx
−$20.1K −$8.61/SF
NOI
$46.8K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,980
Cap Rate 7%
$669,271
Cap Rate 9%
$520,544
Alternative Uses
Best Use
Multifamily LT 5
$669.3K
$585.6K – $780.8K
NOI $46,849 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$581.5K
$508.9K – $678.5K
NOI $40,708 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$824.8K
$721.7K – $962.2K
NOI $57,734 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property renovated in 2020 with three full bathrooms.
Where is this duplex located?
The property is located at 16 Crescent St Lynn, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑family property with approximately 2,331 sq ft of living space; Six bedrooms and 3 full bathrooms across two residential units; Renovated in 2020
